Kuwait, 05 March 2019: Al Rajhi Bank has become the first non-Kuwaiti bank to sign a joint venture agreement with Gulf Bank, to provide banking services within Kuwait. The agreement allows Al Rajhi Bank - Kuwait Branch customers to withdraw and deposit money, in addition to checking their bank balance and transferring money through Gulf Bank’s ATMs, located across the country. Customers will be able to use the same standard screens used by Gulf Bank customers with ease.

Fahad Al Oumi, Head of Retail Banking, Al Rajhi Bank - Kuwait Branch, commented on the partnership: "We are delighted to partner with Gulf Bank, one of the leading banks in Kuwait, to provide the best banking services to our customers. The agreement comes as a part of our Kuwait expansion strategy, enabling us in providing customers with a seamless experience, meeting their financial needs regardless of their location. In addition, Al Rajhi Bank continues to support customers located in Kuwait through our dedicated call center at 1812333,”

Mr. Ahmad Al Amir, Assistant General Manager for External Communications at Gulf Bank, added: "As a leading Kuwaiti bank, we believe that we need to work alongside other regional banking leaders to facilitate the provision of banking services to their customers in Kuwait. We are proud to be working alongside Al Rajhi Bank, whereby their customers can use Gulf Bank's ATMs, and we hope that this agreement will result in the enhancement of their local presence and wish them success and prosperity.”

Gulf Bank is one of the leading banks in Kuwait and offers a wide range of personal and corporate banking services as well as treasury and other financial services through a large network of 58 branches and more than 300 ATMs distributed throughout Kuwait.